By choosing Chesapeake Compliance Consultants, you will serviced by a Certified Anti-Money Laundering Specialist (CAMS) who understands both the regulatory obligations of your business and has experience in operating a Money Service Business. Some businesses try to use internal staff but this can lead to questions of whether the review was sufficiently independent. Also, the qualifications of the person conducting the review may be less than optimal and the review produced lacking. Accountants or lawyers are sometimes used but unless they have additional training and expertise regarding the regulatory obligations of a MSB, they may not know how to conduct a proper review and the product they produce may be less than industry standards. These professionals may also be more expensive to use. A review that is not properly prepared may result in issues with your regulators or bank.
Using Chesapeake Compliance Consultants is a cost effective way of ensuring that your review will be thorough, meet all regulatory and industry standards, and provide you with the information you need to maintain a satisfactory compliance program.